Indianapolis Times, Volume 43, Number 311, Indianapolis, Marion County, 7 May 1932 Edition 02 — Page 3

MAY 7, 1032.

BILLION DOLLAR TAX BILL, REWRITTEN BY MILLS, PUT THROUGH SENATE COMMITTEE Coalition Action of Democrats and Republicans Is Hailed by Treasury Chief as ‘Definite Progress to Sound Condition.* UPON FLOOR FOR DERATE NEXT WEEK Measure Will Balance Budget in 1933 if Congress Reduces Government Expenditures More than $231,000,000, Say Experts. BY MARSHALL M’NEIL Timr* Staff Writer WASHINGTON, May 7.—A new $1,010,000,000 tax bill, practically rewritten by Treasury Secretary Ogden L. Mills, and put through the finance committee by a coalition of Democrats and Republicans, will be reported to the senate early next week. Mills, apparently expressing the view of President Herbert Hoover, hailed the bill as a nonpartisan measure which is a “definite step in the progress toward restoring government finances to a sound condition.” The befuddled committee, apparently whipped into quick and determined action by President Hoover’s economy message of Thursday, augmented by the stinging lecture it rereived from Mills on Friday, rewrote its bill within a few hours. It imposed heavier income taxes in the lower bracket and lowered the upper bracket rates, both the normal rates and the surtax rates being proposed by Democrats and approved by the coalition. It kicked out numerous nuisance taxes and shifted the resultant tax burden to a smaller list of selected items, especially automobiles. It imposed high estate and gift taxes; cased somewhat the burden of losses .suffered by corporations this year; laid heavy excises on the ingredients of home brew, and incorporated an alleged tariff on rubber along with the oil, coal, copper and lumber tariffs.

The hill will balance the budget in the fiscal year 1933, if congress reduces governmental expenditures by $231,000,000 to $250,000,000, it is claimed. While a large majority of the finance committee accepted Mills’ program, variously called a “compromise,” and his “peace offering,” four members—two progressive Republicans and two Democrats—voted against it. Around this nucleus of four, led by Senator Robert La Pollette, there probably will be built plans for a bitter fight. And this fight against the administration's tax program will be complicated, and probably lengthened, by the inevitable row over the tax-tariffs included in the revenue bill. Reversed Numerous Times The committee, after long weeks of hearings, weary days of executive sessions during w'hich it reversed itself innumerable times, quit Thursday night with a tax bill that probably would have balanced the budget. It included the highest income taxes since 1922, numerous special excise taxes, and four taxtariffs. Friday morning. Mills came before the committee, and within three hours it again rewrote the bill, accepting almost all of the treasury's new, compromise tax program. The cohfusion within the committee room was greater than it had been before. Even senators, emerging from their room into the anteroom where lobbyists crowded against newspaper correspondents, were note quite clear as to w'hat they had done. The most unusual of the accepted Mills proposals was for a 5 cents a pound import tax on crude rubber. Senator David Reed (Rep.. Pa.) originally sponsored this, but he apparently dropped his proposal when it was reported that many firms had a year’s supply of rubber on hand, and hence that the tariff would yield no revenue. The treasury now estimates it will raise $53,000.000 annually. This point was hotly contested by some members, including Senator Tom Connally (Dem., Tex.). Four Oppose Program No new estimate was given foi the four other tariffs, which were kept in the bill—those on oil. lumber, coal and copper. Elsewhere, it is said, these four tariffs would yield only about $6,000.00 a year. A capitol tax expert said the treasury estimate of yield from the rubber tax was high, as were the treasury estimates on yield from the excise taxes on lubricating oil, and home-brewing ingredients. All other treasury estimates, this expert declared, were “very conservative.” The four who opposed the Mills program—Senators James Couzens (Rep., Mich), La Follettc (Rep.. Wis., Cordell Hull (Dem., Tenn.) and Connally—take the attitude that the Thursday tax bill, as written before Mills attacked what he called its ‘•atrocities.” had been adopted by a majority vote on all items, that it would have balanced the federal budget next fiscal year, and that it should not have been ditched for the administration's proposals. Mills Is Well rieased Mills, himself, however, was well pleased. "The action by the senate finance committee,” he said in a statement, “in reporting out by a large majority, on a strictly nonpartisan basis, a revenue bill which will produce in excess of $1,000,000,000 is another definite step in the progress toward restoring government finances to a sound condition. “The bill is, of course, not perfect; but most of the objectionable features, such as the double taxation involved in the application of the normal tax to dividends, the denial of any carry-over of net losses, the penalty rates applicable to the filing of consolidated returns, and the drastic provisions relating to losses on security transactions, have either been eliminated or modified.” Here is a resume of the bill, final action upon which is to be taken by

the committee Monday. (Estimates of yield are those given out by the treasury): As Bill Now Stands Income taxes—Normal rates of 3 per cent on the first $4,000 ; 4 per cent on the next $4,000, and 9 per cent on the remainder ot net taxable income, surtax rates starting at 1 per cent on $6,000 and graduating upward to 40 per cent on SIOO,OOO, with further graduation up to 45 per cent on incomes in excess of $1,000,000. The 25 per cent earned income credit was restored. The personal exemptions of SI,OOO for an unmarried person, and $2,500 for a married person were also restored. These rates are to yield $155,000,000 additional revenue. The corporation income tax remained at 14 per cent, and exemption was removed. as • was the I*4 per cent penalty on consolidated returns of corporations, to yield $52,000,000. Administrative changes—including the house provision for taxation of capital gains and losses, are to yield $80,000,000. Estate and gift taxes—as agreed to by the house are to yield $5,000,000. An amendment by Senator Gore •Dem., Okla.), preventing deduction from corporate income of money paid for salaries in excess of $75,000 a year was adopted, as was another Gore amendment taxing bonuses or salaries over $75,000 a year at 80 per cent. DEFUNCT BANK PAYS DEPOSITORS IN FULL SBSO Per SI,OOO Share Returned to Stockholders of Institution. By United Brent UNIONTOWN. Pa.. May 7. Distribution of SIOO,OOO to the 1,000 stockholders of the First National bank, Uniontown, which closed seventeen years ago, will bring the total payments to stockholders to SBSO a share and climax an enviable record. In addition to the payments to stockholders all depositors’ claims have been paid in full with 6 per cent interest and almost all bank obligations have been met. The first National Coal Company, which will make the distribution, was organized by the stockholders after the bank closed. It has a cash surplus of $50,000 in addition to the dividend and 1,400 acres of coal land valued at $350,000. It is expected that payments to stockholders will total $1,200 when final liquidation has been accomplished.

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Girls Receive Class Rings at De Paine Fete

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Mary Jo Enochs By Times Special GREENCASTLE, Ind., May 7. In a special ceremony this morning, the De Pauw junior and senior class rings were awarded to Mary Jo Enochs, junior from Sullivan, Ind., and Mary Elizabeth Lupton, sophomore from Indianapolis, chosen to wear these rings for the coming year. This was a part of the annual May day celebration which began today and will close Sunday with the Mothers’ day program. Miss Enochs is a member of Alpha Omicron Pi sorority and has been prominent on the campus. She is a member of Theta Sigma Phi, journalistic sorority; a member of the editorial staff of the De Pauw magazine, Literary Publican, the De Pauw, student newspaper, and in her freshman year was elected to Alpha Lambda Delta, honorary- scholastic organization for freshman women. Miss Lupton is a member of Kappa Kappa Gamma sorority. CUNARD PIER BURNS Loss $2,000,000; One Killed, 267 Firemen Hurt. By United Press NEW YORK, May 7.—The $2,000,000 Qunard Line pier was a mass of ruins today, as fire which started almost twenty-four hours ago still burned in one small section near the shore end. One spectator, Ralph Kluge, was killed and 267 firemen injured in the blaze which brought nearly 700 firemen and all available apparatus to the scene. Kluge was killed when a hose line broke under high pressure and struck him on the head. FIRST MASS SUNDAY Mixed Choir of 35 Voices to Sing . at Sacred Heart Rites. Mixed choir of thirty-five voices will sing masses at the Sacred Heart church Sunday in celebration of the ordination as priests of four parish members. The choir will be under direction of Professor Boergcr. The Rev. John Joseph, pastor, announced that first masses will be by Father Valerian Schott, at 5:30 a. m.; by Father Manfred Jochem at 7:30; by Father Victor Herman at 9:15, and by Father Stephen Bensman at 10:30, the new priests. POSTPONE" AKRON’S HOP Flight for Coast to Start Sunday if Weather Permits. By United Press LAKEHURST, N. J., May 7.—The navy dirigible Akron will not begin her transcontinental flight until Sunday, ana only then provided weather conditions are favorable, it was said at the naval air station today. Ship officers studied atmospheric forecasts today with a view to determining the route to be followed.

12,000,000 Investors in United States Building and Loan Associations Earned Nearly a QUARTER of a BILLION Dollars in the Six Months Ending Dec. 31, 1931. Investors in Marion County Associations, December 31,1931, received, or were credited with, six months’ dividends amounting to over $1,812,000.00. Fletcher Avenue Saving and Loan Association has paid semi-annual dividends regularly during its entire existence of fortytwo years. Fletcher Ave. Sav. & Loan Assn. 10 East Market Street In the Heart of the Business District

' MEMBER OF MARION COUNTY LEAGUE OF BUILDING & LOAN ASSOCIATIONS

THE INDIANAPOLIS TIMES

DEATH COMES 1 TO OOUMER BY MANIACS GUN French President Regains Consciousness Only Few Moments. (Continued From Page 1) government officials were at his bedside. Doumer died without being able to speak to his relatives and collaborators. Shortly before midnight, however, he rallied sufficiently to ask weakly what had happened to him. The president was told that he had been in an automobile accident. “Strange,’’ he murmured. “I don’t remember anything.” Professor Gosset, one of the physicians who attended the President, told the United Press, “we did everything science allows to prolong his life. We performed a lumbar puncture and sustained the heart with camphor oil. The president died without realizing his terrible wounds.” Injections of morphine had been given to save the president from intense pain. He was conscious, physicians said, for only four minutes between the time a bullet sent him crumbling into the arms of two of his ministers and the time that death came as he lay in a white iron bed in a small room on the first floor of the Beaujon hospital, a public institution. Mme. Doumer left the hospital at 5 a. m., leaning heavily on the arm of her daughter, Mme. Emery. Fashionable Crowd Present The attack was one of the most sensational in the history of French politics. The gentle and popular president, who lost four sons in the World war in defense of France, had gone to the Rothschild mansion to attend a book sale for the benefit of war veterans, the Apres Midi du Livre des Anciens Combattants, the book afternoon benefit for war veterans. A fashionable crowd filled the gorgeous salons of the Rothschild home. Leaders of society were there, members of the government who accompanied the president and police officials, including Paul Guichard, director of the Paris municipal police. A stranger had entered the Rothschild home some time before the president arrived. He walked briskly to the entrance of the mansion and was gone inside immediately. The man, Dr. Paul Gorgouloff, obviously was nervous, and paced rapidly back and forth. Soon the president entered, accompanied by his party. Guichard was one step ahead of Doumer. The buzz of conversation was hushed as those in charge of the book sale moved forward, smiling, to greet the president. Gorgouloff advanced toward Doumer. He drew a revolver and fired a bullet point blank into Doumer’s frail body. The impact sent the president whirling. Fires Second Time A second time the assassin fired. The bullet entered the president’s head, below the left ear, and penetrated to the base of the cranium. Doumer’s arms moved forward instinctively in one, quick, desperate motion. Then he collapsed into the arms of Francois Pietri, minister of national defense, and Champetier de Ribes, minister of pensions. The crowd became excited, but the cooler heads acted quickly and rushed Gorgouloff. Guichard grappled with the assassin as he fired again. The bullet shattered the police official’s wrist. Claude Farrere, president of the Authors’ League of France, seized the Russian's arm. Farrere was wounded slightly in the forearm as Gorgouloff emptied his gun. But Farrere and Guichard clung to the Russian and finally hurled him to the floor. Kicked by Throng The crowd, now free from panic, but hysterical with rr.ge, closed in j and attempted to seize Gorgouloff. He was kicked and beaten before Guichard and his aids dragged him away. He was placed in a limousine, but a crowd at the place Saint Philippe du Roule surrounded the car, shouting, “kill him, give him to us." The chauffeur was forced to speed up the car and knock some of the mob out of the way. The Russian's eyes were almost shut and his face was discolored from blows he received. While the Russian was held in chains at the central police station and told his story in the manner of a madman, Doumer had been taken across the street to the hospital and a desperate effort begun to save his life. He was losing blood rapidly. Urgent messages assembled the best

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Upper— Miss Miram F. Hiers (left) and Miss Mary E. Kemmer. Lower—William F. Milner.

doctors and surgeons in France to his beside. The Russian Youths’ Federation of anti-Bolshevik exiles sent its president to the hospital, on instructions of Grand Duke Andre, to offer his blood for transfusions. Physicians selected a young interne to give blood for the transfusions. The assassination, on the eve cf the legislative election campaign, in which the nationalist tpirit has been reawakened, caused numerous outbursts against foreigners. The clubs and cases of Montparnasse, usually given over to carefree revels, boiled over with anti-foreign sentiment and many foreigners unfortunate enough to be caught outside their homes were jeered or handled roughly. The papal nuncio and the Abbe Verac were among the visitors to the hospital. Doumer, who was a Protestant, did not receive extreme unction. Tragedies Marked Life A man born of the most humble circumstances, Paul Doumer built his personal and political life on such a foundation of schooling that at 74 he reached France's peak—the presidency. But interspersed in the busy, quiet years were setbacks and tragedies sufficient to make of him almost a forlorn figure, even in the moment of his triumphs. His greatest tragedy was the loss of four sons in the World war, a tremendous loss even for France, where almost every family suffered. Two sons were killed in the same sky raid, while flying as captains in the French army. He was born March 22, 1857, at Aurillac, in the department of Cantal. His father was a railroad employe. Education was impossible. At 14, Doumer went to Paris and became an apprentice in an engraving plant—where in the next few years he combined patient work with hours of night studying. For forty-four years his life was devoted to politics, ranging from deputy, cabinet minister, president of the chamber, governor of Indochina, candidate for president of the republic, and finally president.

HERE Is “a penthouse way up in the sky” that is devoted to business and not merely pleasure and palatial living. It is the first penthouse office in Indiana, perhaps, and is and operated by the state highway department. When the state highway commission recently decided on a complete traffic count for Indiana, an office to care for the tabulations was needed. Fred A. Henning of the engineering staff was put in charge of the count in the field and William F. Milner in the office.

HENRY FRIEDLEY, 82, , IS KILLED IN FALL

Funeral Services to Be Held Monday for Former State Fire Marshal. Henry Harmon Friedley, 82, former state fire marshal, died Friday in Clinton county hospital as a result of a fall. Mr. Friedley at the time of his death was an independent adjuster for a number of insurance companies. The fatal accident occurred in a Frankfort theater. He fell fourteen steps into the basement of the building. Mr. Friedley was in Harrison county, and attended school in Bloomington. He taught school and practiced law before entering the insurance field. At one time, he was president of the Fire Underwriters’ Association of the Northwest, an organization of officials and representatives of fire insurance companies in twenty-two middle western states. He gained a national reputation for his work as state fire marshal. Mr. Friedley was a member of the Second Presbyterian church, Phi Gamma Delta fraternity, the Indiana Historical Society, the Indiana Pioneer Society and the Nature Study Club. The Rev. Jean S. Milner, pastor of Second church, will conduct funeral services at 2 Monday at Hisey & Titus mortuary, 951 North Delaware street. Burial will be in Crown Hill cemetery. The body was to be brought to the home, 1639 North Talbot street, today. Funeral services for Claude W. Gott, 48, of 1723 North Meridian street, who died Thursday at Robert W. Long hospital, will be held at 2 Saturday in George E. C. Kincaid funeral home. 1801 North Meridian street. Burial will be in Memorial Park cemetery. Mr. Gott lived in Indianapolis twenty-five years and was engaged in the cleaning and pressing and radio business.

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Problem of where the office was to be put in the crowded highway headquarters arose. Milner had been the state supervisor of construction on the new highway department garage at Market and West streets. He remembered the penthouse there with its excellent lighting. So it now is devoted to traffic counting. Miss Miram F. Stiers, 423 North Oakland avenue, who with Miss Mary E. Kemmer, 1719 North Alabama street. Inspects the traffic count map preparatory to the tabulation. Milner is shown in the photo in front of the penthouse.

NATIONAL GUARD TO CAMP KNOX AUG. 7 16 Special Trains to Carry Troops to Kentucky for Training. Sixteen special trains will carry the Indiana national guard troops to Camp Knox, Ky., for the annual encampment, Aug. 7-22, it was announced today by Adjutant-Gen-eral Paul Tombaugh. Trains will leave Indianapolis with local organizations and equipment, Aug. 6. Equipment to be transported include 187 horses and a fleet of thirty trucks. For the first time, the Seventyeighth brigade, which consists of the One hundred fifty-first and One hundred fifty-second Infantry regiments of the Indiana national guard, will be billeted in tents, Tombaugh said. Camp Knox now is a regular troop station and 1,000 regular army soldiers are quartered in the barracks there. TRANSFORMER BLASTED Explosion at Ohio Mine Plunges 2 Towns Into Darkness. By United Press CADIZ, 0., May 7.—The eastern Ohio coal strike area was wrenched from its state of calm early today when a huge electric transformer was dynamited at the Somers mint near here plunging two villages into darkness. \ The mine, operated by the Goodyear Tire and Rubber Cos., was forced to suspend operations. The Somers mine, located at Adena had been the center of disorders between strikers and workers prior to the mobilization of state troops more than a month ago.

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SON OF MALT DEALER FREED BY KIDNAPERS Rich Joliet Family Denies Paying Ransom for Man’s Release. By United Press JOLIET, 111., May 7—Gustav Miller, 22. son of a wealthy local malt dealer, held kidnaped eight days after being abducted from the home of his fiancee, returned home safely shortly before 2 a. m. today. He was unharmed and members of the family said no ransom was paid for the youth's release. Miller was released at the gates of Starved Rock State park, sixty miles south of here. A telephoned message to his brother. Martin Miller, directed the family to go to an unrevealed place in Chicago where they obtained information the youth would be found at the park. Despite denial by the family that ransom had been paid, belief was general that an amount approximating SIO,OOO was paid. The kidnapers first asked $50,000. “As I left the home of my fiancee,” Miller said, “about midnight last Thursday a man holding a revolver jumped from my automobile when I went to get in. A companion appeared in a moment and the two of them forced me to drive several miles out of the city. “Here I was transferred to another automobile and a towel thrust over my face. There were at least three men in the car guarding me. Eventually we arrived at a house. I was taken to what I believe was the basement and placed on a mattress. ’’They handcuffed me and shackled my feet so I could not escape. A gauze bandage was placed over my eyes. During the entire eight days I was kept in this position.” STUDENTS SEEK HONORS Butler Group to Compete in Play Contest Over Radio. “Storm Before Sunset,” in drama form, was to be presented by seven Butler university students, members of the Thespis Dramatic Society, participating in the second annual interstate university radio contest over the NBC hookup this afternoon. Butler earned the right to compete against Hanover college and Purdue university of Indiana; University of Illinois and Wisconsin university, the other contestants, by winning the Indiana contest last Saturday.

TO YOUR MOTHER Sweet as the song the robins sing, Pure as the flow of a crystal spring, True as her faith in the God above, So deep are the depths of a mother’s love.